Loan Monitoring Officer at Checkoff Credit System

Responsibilities:

• Monitor and analyze the performance of all loans in the portfolio.
• Identify and track delinquent accounts to minimize losses.
• Maintain accurate records of all loan accounts.
• Conduct regular risk assessments of the loan portfolio.
• Identify potential risks and recommend mitigation strategies.
• Ensure compliance with internal policies and regulatory requirements.
• Prepare detailed reports on loan portfolio status for senior management.
• Analyze trends and provide insights to support decision-making.
• Develop and implement metrics to monitor loan performance.
• Communicate with borrowers to ensure timely loan repayments.
• Resolve issues related to loan payments and account status.
• Provide exceptional customer service to maintain positive borrower relationships.
• Ensure all loan documentation is complete and accurate.
• Maintain compliance with all relevant laws and regulations.
• Participate in internal and external audits as required.
• Identify areas for process improvement and recommend changes.
• Implement new procedures to enhance loan monitoring efficiency and effectiveness.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Professional certification in risk management or accounting is a plus.
• Minimum of 1 year of experience in loan monitoring, credit control, or a similar role.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and loan management software.
• Attention to detail and high level of accuracy.
• Ability to work independently and as part of a team.

Preferred Skills:

• Experience in the financial services industry.
• Knowledge of loan management systems and financial analysis tools.
• Understanding of regulatory requirements and compliance standards.